The Board of Directors of the European Financial Stability Facility (EFSF) decided to reduce to zero the step-up margin accrued by Greece for the period between 17 June 2021 and 1 January 2022, as part of the medium-term debt relief measures agreed for the country in 2018. The value of this sixth successive reduction amounts…
The Eurogroup says it had a thorough discussion on the economic outlook in view of current COVID-19 developments. On Tuesday, the Eurogroup was briefed by the Director of the European Centre for Disease Control (ECDC), Dr. Andrea Ammon, on the ECDC’s analysis of the pandemic. The Chair of the European Parliament’s Committee on Economic and…
The European Stability Mechanism (ESM) completed its fourth quarter funding needs on Monday, raising the full €2 billion it had targeted The ESM issued a new €2 billion 0% bond maturing on 16 December 2024. The spread was fixed at mid-swaps minus 8 basis points, for a reoffer yield of -0.582% and a new issue…
